Business big shot: David Ross, chairman of Cosalt

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David Ross, the co-founder of Carphone Warehouse who was engulfed in a share disclosure scandal last year, has taken his first step back into the public markets after his reappointment as chairman of Cosalt.

Mr Ross stood down in the wake of the revelation last December that he had used shares he owned in Carphone Warehouse, National Express, Big Yellow and Cosalt as security against personal loans without informing his fellow board members. A hastily drafted statement from Carphone Warehouse triggered a domino effect of resignations. Mr Ross quit five jobs in as many days, including a high-profile role advising